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Newspaper
Port Lavaca Wave
Location
Port Lavaca, Texas, United States of America
Date
Feb 18, 1975
Page
8
Chrysler Corp reported a fourth quarter deficit of 73.5 million and a full 1974 loss of 52 million, marking its worst year on record. The automaker arranged over 1.0 billion dollars in new credit with about 200 banks to meet rising debts, as sales fell 7.2 percent to 11 billion.
Washington AP reports the House Banking Committee will likely approve measures to increase the money supply and grant broader credit allocation powers to the Fed and the president, despite strong opposition from the Ford administration. Subcommittee action today leads to full committee Thursday before a House floor vote next week.
U S intelligence sources report six supersonic MIG23 Flogger fighters reached Alexandria aboard a Soviet freighter. This marks the first shipment of advanced weapons to Egypt since the 1973 Arab Israeli war.
Governors at a midwinter National Governors Conference express disbelief at federal cuts and steady costs in programs as they warn states cannot finance trimming. The AP report also notes the Greek Cypriot government accusing Turkey of granting citizenship to invasion troops and families. Cambodian forces advancing to retake Mong Russei, with reports of damage and a delayed update.
Five youths ages 15 to 17 were named Texas top newspaper carriers and shared a $4,500 award at the TDNA convention in Fort Worth. David Miller, 17, of Nederland, won a $2,500 scholarship. finalists Paul Boskind, Alan Reno, Tom Penney, and Greg Perkes received $500 scholarships each. The winners hailed from The Port Arthur News, The San Antonio Light, The Dallas Times Herald, The Corpus Christi Caller Times, and The Valley Monitor.
Peggy's Wig Salon opens at 41 Viking Mall moving from Main Street. Owners Lee and Peggy Pooley announce Donna Namken as manager and invite customers to bring wigs for servicing. Grand opening offers a free wig to a winner announced February 28, with no need to be present.
Houston AP report says a man identified as Dr. Charles T. Disney, 50, of Uniontown Indiana, jumped from a taxi, tried to cross a highway, and was hit by a second cab. Carleen Basile said the passenger attacked her, causing her to flee across US 59.
More than 100 farmers ranchers and their wives pledge to tell city lawmakers what life is like in the country. They push for a state utilities regulation commission as the Texas Farmers Union day begins with a breakfast briefing and ends with a legislators reception. Washington's birthday holiday noted as state officials gather. The Senate votes to spend 18 million on public junior colleges through Aug 31 with discussion of an 840 thousand emergency pay bill for adult education. House approves bonds for airport construction and a 12 percent pension boost for retired state workers contingent on a constitutional amendment April 22 lifting retirement fund limits. Senate passes 29-0 a bill letting schools cities counties buy surplus equipment.
International visitors flood Florida hotels as tourism officials report near full occupancy in major areas. Dean Gaiser cites strong southeast and central regions with Daytona Beach and Tampa Bay holding up. Miami Beach officials say occupancy near 100 percent through Easter. Canadians and Brazilians drive gains as air fares deter some travelers. motorist arrivals in January rise 36 percent to 129,021, nearing 1973 peak. Airlines cut flights and shed staff amid cautious demand.
SAN ANTONIO AP Torture of a 20 year old Devine man who lost a foot in an assault and car run over his legs has Frio and Medina county officers hunting a gang. Doctors amputated the mangled foot of William Favor after he was dumped by a highway in Frio County following the attack.
Astroworld plans auditions for female rock singers variety performers improvisational players and animal characters for seasonal roles. Sessions March 1 2 at the Astroworld Hotel with pianist available from 9 to 1 and 2 to 6. Separate auditions for musicians Saturday Sunday March 8 9 and groups March 9 by appointment. contact 748 4500 or P O Box 1400 Houston TX 77001 for details.
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